Posts Tagged "poverty reduction"

Mary has gone from a devastating incidence of robbery at her m-pesa ( Mobile Money banking business) to a new thriving business. In 2008 Mary had a m-pesa and a beauty shop that were thriving until one evening when her business was robbed. After the devastation she worked different jobs for a few years until 2014 when she decided to start a new business. Mary decided that she wanted to open a shop selling bike parts, auto parts, and beauty supplies. Even though the auto and bike industry is extremely male dominated Mary began to explore where she could buy goods to supply her shop and began...

Every entrepreneur wants to be associated with a successful businesses; Mpesa is just one of them. Since its Launch in 2007 by Safaricom and Vodacom, MPESA has been considered a global success. Researchers show that more than two Thirds of adults in Kenya use MPESA for their transactions, this research further states that MPESA does about 8 million transactions daily. Mpesa can be used for Shopping, Utility bills, Taxi ride, Deposits and many other uses. Currently Mpesa has about 85,000 agents countrywide and Janet Gesare is one of them.
Janet completed her education, where she studied...

Peter Onyango Aguro, aged 31, a farther of three children, one boy and two girls aged 8,5 and 1 respectively, is a well known tailor in Ng’ong town. He has done tailoring for almost a decade now. He says his greatest inspiration was his Uncle, who taught him all the basics of tailoring. Peter says he exists because of his business, it is from his his sweat that he is able to he pays rent, school fees(tuition) and still puts food on the table for his family.
This chain of responsibilities has become his greatest motivation. He knows he needs to work really hard to meet all these needs....

Twice a year, the World Bank issues a report entitled: Africa’s Pulse: An analysis of issues shaping Africa’s economic future. Just this month of October 2013 the bank released the report and here are a few highlights;
Global economic activity remains subdued, and despite signs of strengthening in high-income countries, significant downside risks persist. Economic activity remains strong in much of Sub-Saharan Africa, underpinned by robust domestic demand.
The economic outlook for the region is positive, although the region is vulnerable to both a sharp decline in commodity prices and...